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Thursday, November 1, 2018

Why I Left A T & T After 7 Years

My cell phone carrier experience goes back to the very first cell phones.  I'm that old.  The year was 2001.  I'd just graduated from the UCSB Graduate School of Education and decided to start my career as a teacher in the heart of East Side San Jose.  I got me a wireless Motorola or something and thought they were so cool.  When the smart phones came along I was not quick to change.  I kept my traditional text and call phone until the Blackberry went out of style.

I purchased my first smart phone, an iPhone 4, in 2011 I think, going with AT & T as my carrier.  After sometime, I even decided to "bundle" my Internet and cable with them.  I thought highly of their service, except their fees always irked me.  The Internet was slow, and to level up cost a lot of money.  I remained loyal for as long as possible, but like most people, I cut the cord.  That was my first severance experience with A T & T.  Sling TV was so much more affordable and it had all the channels I needed.

The Internet was next.  At 18 mbps, my Internet was too slow to stream HD content.  I hated how my shows, like Game of Thrones on HBO, would freeze right in the middle of a good part.  I'd purchased a streaming android box, and my brother-in-law loaded it with Kodi and other apps.  So I had managed to layer my Sling TV online content with streaming on the "Kodi Box," as I called it.

Image result for data overage meme

About two months ago, my wife, Jessica, took on the Internet situation.  After talking with A T and T, she decided we could do better.  She signed us up for Cox Internet 100 mbps.  Man is it fast!  The cost, after the activation fee of $75, was only $70 per month!  That was only a bit more than I was paying for the A T & T 18 mbps program.  The full power of my iPhone 6 was essentially released.  With faster Internet, I could now stream sports and shows live on my phone without hiccups.  My data plan with A T & T was 500 MB.  I always used less than this, mostly because I wasn't streaming sports AND I always used free WiFi.

Then something strange happened.  I was at McDonald's using their free WiFi.  When I left I noticed I had two text messages from A T & T Alerts.  One stated I had consumed 75% of my data and would be charged $20 automatically if I went over.  The second text, only a minute later, stated I had consumed 100% of my data and I would be charged $20 for another 500 MB.  First, I didn't like the fact that A T & T charged this fee assuming I'd want another 500 MB.  In all honesty, I'd prefer to go without data until the month renewed my plan's allocation.  Second, because they came so fast, I didn't have time to adjust my usage, meaning get off the Internet.

I thought for sure I'd simply used too much data for the month.  My bad, right?  The next day, I was at home, streaming an NBA game.  I was using my own home's WiFi so I figured I was safe from overusing my data.  I was wrong.  It happened again!  Somehow I'd managed to use 500 MB of data in one day!  What the heck, I thought.  I didn't like being charged another $20.  So I called A T & T and asked why this had happened.  That is when I learned a valuable lesson.

DID YOU KNOW?...

You are using carrier data anytime your phone has its "Cellular Data" button turned on.  On the iPhone, you have to go to Settings, Cellular, and Cellular Data, to manually turn it off.  Even while using someone else's WiFi!  All this time, I assumed...again because I'd hardly ever gone over, that anytime I connected to free WiFi, I wasn't using my own data.  Boy was I wrong.  Had I not called A T & T and got the full scoop, I'd never have known that you have to manually turn off "cellular data" every time you went online and were in a free (or your own) WiFi venue.  I talked with a friend who works an Internet business and is an iPhone 10 user, and he too wan't aware of this.  He said, "I thought that (WiFi taking the place of carrier data) was the default."


Image result for cellular data


I went back to old A T & T emails, those telling me of an overage fee, and noticed a link at the bottom.  The link when clicked, takes you to a page that, if you read it all, lets you know that cellular data is always being used unless you turn it off.  I imagine many people out there, maybe including you, friend, aren't aware of this.

There was no leeway when talking with the A T & T service rep.  She didn't have any sympathy for me, and frankly didn't care that I was technologically ignorant.  I was out.  See ya, A T & T!  I hate businesses that nickel and dime you.

I'm now with T-Mobile.  I only had 4 months left to pay for my iPhone 6 and T-Mobile has a deal right now where they'll pay your old phone for you (up to like $600) if you switch.  They also give you free Netflix!  I ordered the iPhone 8 over the phone with a very helpful service rep, and got under my wife's T-Mobile unlimited data plan.  The phone arrived in two days, and I was able to keep my phone number too.  We will be paying $180 total (this includes financing on the new iPhone 8).  I'm happy because I get to stream all my games worry free.  The numbers also made sense.  We were paying very close to this amount combined when I was with A T & T and Jessica with T-mobile.

Main Point:

If you are paying with a set amount of data with A T & T, turn off the "Cellular Data" function on your phone everywhere you have free WiFi!  Why use your own data?

Thanks for reading.  Until next time.

        

Sunday, September 23, 2018

5 Fall Equinox Savings Strategies

If you're not keeping note of planet Earth's revolution around the sun, then you wouldn't have noticed that yesterday, September 22nd, was the Autumnal (Fall) Equinox in the northern hemisphere.  Of course, if you remember your Earth science, then you'd also connect this to the opposite season beginning in the souther hemisphere, namely, spring.  Wherever you are, we had 12 hours of daylight and 12 hours of night yesterday.

Image result for fall equinox


Starting today, we in the north will begin to experience fewer hours of daylight, meaning, sunset and darkness creeping up even sooner.  Therefore, it's time we stop spending money like we're still in summer!  Below I've compiled some ideas that may save you a few bucks here and there, relating all of it to the start of the Fall season.

1.  Adjust your sprinkler timer.  Since they'll be progressively fewer minutes of daylight, your lawn and plants won't need as much water.  Take off a minute of watering this month, and another minute in October.

2.  Watch your car's tire pressure.  It's not as hot so your tire pressure while driving is going to be lower.  Lower tire pressure due to temperatures cooling results in your car using more gas as you drive around.  So make necessary adjustments in the coming months.

3.  NFL football is baaack!  DO NOT PAY to watch your team or all the games.  I know that some of you (men) like to buy the NFL Sunday Ticket and catch any game you want on Sunday.  But...did you know that you can livestream any game you want on Reddit?

4.  Put money aside for Black Friday starting today.  November 23rd is the day you can finally upgrade your phone, computer, tablet, or even television.  The savings will be there if you're a smart shopper, so put a little extra away starting at the end of this month.

5.  Buy your winter wear now in the Fall while prices are still marked for summer.  If you need a new jacket or sweater, go buy them now!

Alright, that's all I got.  If you have any Fall savings strategies or ideas, please comment below.  Thanks for reading!   

Friday, August 24, 2018

Tips for Buying Your First Home Even with High Student Debt

What's up everyone!  So I keep finding articles online about college students finding it nearly impossible to buy their first home.  Many of them desperately want to do so for obvious reasons: Getting a piece of the American dream, building wealth, stop paying high rents, and so on.  This particular article pinpoints the main challenges young people with massive college debt are facing, namely,


Image result for huge student debt


1.  A poor Debt-to-Income ratio.  Why this matters: How much you owe (loans and other credit card debts, etc.) compared to how much you make (your verifiable annual income) is utilized by lenders to approve applicants for mortgage financing.  

2.  Credit Score.  Why this matters: Well...your credit is a reflection of your ability to pay back small loans and handle OPM (other people's money) responsibly.  Your credit score is also used to get you prime (as opposed to subprime) loans and rates.

3.  Down Payment.  If you have loads of student debt, then you most likely have a high monthly school loan debt payment.  This hinders your ability to save money for a downpayment.  You're practically expected by all lenders these days to have at least a 20% downpayment.

Here is what I would do to overcome these challenges.


Image result for increasing your income


Tip 1: Focus on increasing your income.

If your student debt is massive, you're not going to bring it down enough in 3 years (I'll explain why 3 years is a significant timeframe) to make a substantial impact on your crappy debt-to-income ratio.  Of course you can help yourself by paying down other, more manageable debts like your car and credit cards.  But the goal here is to attack this challenge from the other end.

When you complete a home loan application, you'll have to declare your income.  This will be your first hurdle.  If it's high enough for the amount of financing you need, you'll be asked to produce evidence.  The evidence comes in the form of 3 years of W2's and Tax returns.  It's a complete pain in the behind, having to PDF or scan your "income" documents.  Hopefully your tax person sent these documents in some sort of e-file.

If you happen to have a job paying the median U.S. income, around $59K, and you want to buy an "average" home in the U.S. (around $200K) you better have very little debt.  If you're reading this because you're saddled with student debt, then your only option is to work a second, part-time job that pays you by the book, i.e., no cash!  Your part-time employer must provide you with a W2 at the end of each year.  (You could also get a higher paying full-time job via the promotion route, or quit and climb the corporate ladder elsewhere).

Yes, it sucks to have to work a part-time along with your full-time.  It's a sacrifice you'll have to make as a highly indebted person, at least for three years.  Lenders look for a track record on your income, so don't go quitting and job hopping with that part-time gig.  Stay with the same employers for three straight years!  Once you qualify, sign the contract, are given the keys, and get your first home, you can re-evaluate whether or not you need to continue working the part-time job.


Image result for fix your credit

Tip 2: Fix your credit!

Use your credit cards wisely.  Pay off your debts.  Don't go over your limits.  And on and on.  You can Google how to increase your credit score and have a bunch of free articles at your disposal instantly.  Have fun reading!

Tip 3: Down Payment, Save Like Your Kid Needs A Surgery And You Don't Have Insurance

If you focus more on making more income, paying the minimum on your student debt (provided you pay into both principal and interest), and being seriously frugal, you'll be able to save substantially more than ever before.  The down payment is the easiest challenge to solve out of the three.  Stop eating out and buying pricey coffee, shop at Thrift stores for clothes, at Dollar Stores for food, kitchen, and bathroom items, track all expenses, and so on.  Watch the movie John Q, starring Denzel Washington, for inspiration. 

The solution to your debt problems isn't paying down debts at a normal clip.  This will take you years and prevent you from buying your first home.  Clearly, it's a matter of being creative and taking assertive action to MAKE MORE MONEY!  Stop whining about how bad you have it.  Stop living in the past, wishing you'd never gone to college and spent all that borrowed money irresponsibly.  Move your ass!

On a lighter note...thanks for being here!  Until next time.

Saturday, July 28, 2018

Is Ensenada, Baja CA, Mexico A Suitable Retirement Destination For You?

Welcome!  Today's post is about retirement living in Ensenada, Mexico.  I recently returned from a 3 day family vacation in Ensenada.  Earlier this summer, my wife and I had entertained the idea of going to Rosarito, Mexico for a short vacation with our kids.  We applied for Passport Cards (ID's that serve like passports when crossing the Mexican and Canadian border by vehicle) and even booked a place using Airbnb.com.  But we canceled the booking in the end and instead used the money to place our kids in a Girls and Boys Club weeklong camp.  It gave us a much needed respite from parenting duties from 7:30 a.m. to 5:30 p.m. for five days!


View from the top of the cliff: Rancho Packard

Out of the blue I commented on a friend's post on Facebook, namely, that when I visit Ensenada I'd let him know so we could hook up.  He's a retired Chicano living there with his Mexican wife and kids.  Much to my surprise, my friend offered to let my family use his cliffside house (he rents another house in a neighborhood called, Coronel Estaban Cantu) overlooking the Pacific free of charge!  So with my wife's encouragement, I contacted him and asked if his cliffside house was available July 23rd to July 26.  It was and we had a week to plan our Mexico adventure.  It was an opportunity we couldn't pass up!  Now onto some financial details.


View from the master bedroom

Total Vacation Cost:  $274

I left Oceanside, CA this past Monday with $280 in my wallet and a full tank of gas.  I spent an initial $54 to insure (full coverage, including vehicle theft) our Lexus RX 350 using Bajabound.com for three days.  Ensenada is about 68 miles from the border, and my friend's house is in South Ensenada so we were over the 70 mile coverage provided by Allstate.  Getting Mexican insurance in addition to your own American policy to cover liability is not a bad idea even closer to the border.  It's cheap and provides peace of mind.  Bajabound.com is a great site and very easy to get in and out with exactly what you need.


Beautiful Baja Cove Beach

In San Ysidro, CA, prior to crossing the border, I swapped $180 into Mexican pesos.  The exchange rate I got was 18.55 pesos for $1.  I recommend you always have Mexican currency on hand.  Why?  While most places near the border and indeed, even in the whole of Mexico, take the dollar, vendors and businesses will give you a sub-market exchange rate inland.  It's an easy ride to the coast once you cross the border.  You literally run parallel to the border wall until you reach the Tijuana, MX playas (beaches).  Take the scenic road.  It's a toll road, but you'll save a ton of time.  Currently, the toll fare is $2 or 35 pesos.  So you'll save about 11 cents each time if you use Mexican currency.  There are three toll booths you'll need to stop at before reaching Ensenada.


The courtyard patio at my friend's house

We used a little over a quarter of a tank of gas to get to Ensenada.  Our driving time from Oceanside to Ensenada was two hours.  But...getting to my friend's cliff house in Rancho Packard, a small enclave about 1 mile from the famous tourist destination, La Bufadora, took another hour.  We had to drive through central Ensenada and make our way south on Avenida Reforma until turning onto highway 23, running up the peninsula.


Selfie at Junior's Burgers

Though traffic sucked, with multiple lights stopping our progress here and there, it did give us a chance to get a great look at the shops, restaurants, and services Ensenada has to offer.  We saw American chains like Subway, McDonald's, Sam's Club, Costco, Walmart, 7-11, Starbucks, Applebee's, and the Home Depot, along with their Mexican counterparts like Calimax (supermarket), Oxxo (convenience store), and Elektra (like a Bestbuy).  Of course there were a multitude of privately owned Mexican eateries and shops.


The kids playing at Baja Cove Beach

Driving in Mexico is not that different than driving in the U.S.  The stop signs are the same except they say, "Alto."  The street light colors are also the same, but even better, when green is about to turn to yellow, it starts to flicker, warning you.  The main difference is merging.  In Mexico, many streets and strip mall parking zones are unpaved.  So you have to merge and get off with purpose onto and off the main road, and you don't always have the best traction.  Expect your car to be dirty, by the way.  A film of dust covered our car.


At the famous blowhole: La Bufadora!

Ensenada Living

Ensenada has everything an American needs and it usually is a whole lot cheaper.  We went grocery shopping at a Calimax a couple hours after we arrived.  We spent an equivalent of $58 in groceries.  The same goods would have probably cost over $80 in the U.S.  Get plenty of bottled water unless you want Moctezuma's revenge, a.k.a. chorro, a.k.a., the runs.  Remember that Mexicans (and ex-pats) have an immunity to the bacteria responsible for infection that causes a bout of diarrhea.  You don't!  So don't drink the water, freeze water into ice cubes, wet your toothbrush, etc.  Use bottled water to wash your vegetables.  Washing dishes is okay since you're most likely going to use an antibacterial dish detergent.  Showering and bathing is also okay so long as you don't drink the running water!  If you retire in Mexico, just be prepared to get this infection once.  You'll be fine afterward.


Getting tacos!

As I see it, there is no point to leaving the U.S. to live in Mexico if you won't have a front row, cliffside house overlooking the Pacific, or a beach house with sand in front of you.  Unless you are poor and have absolutely no way of retiring in the U.S., don't buy a home or a lot to build on that's far removed from water.  A ranch?  Too much work in it for me.  A cottage in the Sierra?  Nah!  You can rent or own a cabin here in the U.S.  It's all about the view.  My friend's house sits in prime real estate position with an incredible view.  To his right, you can see the strand of Ensenada known as La Jolla, and Baja Cove beach.  We spent a day at Baja Cove and I swear to you it was like spending a day at a North County San Diego beach.  Only inconvenience was there not being a public bathroom.


How does 6 tamales for $5 sound?

My friend pays $75 to rent the land under his house which he values at about $150-180K.  It's a 3 bedroom, two bath, with incredible style.  This arrangement works for him.  The landowner collects his $75 monthly, but he has no rights to the house.  If my friend wants to sell, he can, provided the buyer understands he leases the land.  Sort of like trailer home living where you pay rent on your space.  There are no property taxes!  His house has wi-fi, and Dish TV.  The Internet is okay.  I was able to get on all my social media and regular online sites.  I didn't ask him about his Internet speed though I'm sure Mexico's hasn't caught up yet to the U.S.


Jessica takes a closer look.  Directly in front of the house is this view!

Rancho Packard and Baja Cove Beach are two communities where many American ex-pats live or vacation in.  In fact, while at Rancho Packard, I spoke English with three different neighbors I met.  It's a gated community but the gate keeper sits in a shack and simply opens the door for entering and outgoing vehicles.  He doesn't even leave his shack!  He's tied a rope to the gate and pulls on it each time.  LOL!!  But you don't need security.  We left windows open every time we left and nothing was ever stolen.  You need clearance to get in, however.  You must name who your host is, and hopefully your host has informed the gatekeeper that you are coming.  Once your car is approved for entry, the gate opens and closes without further issues when leaving or coming in.

Rancho Packard street on my morning run

My friend said there are burglaries at Baja Cove Beach, where thieves break entry and steal electronics, jewelry, etc., but not the murdering type of criminal.  Neighbors get together and hire security to look after a group of homes.  If you can afford it, you can hire your own security!  It's really the same as in the U.S.  If you're paranoid, you can live in a more secure Baja community like Bajamar, about 15 minutes north of Ensenada.  This is a bubble to me.  Not real Mexico.


Inside look of my friend's house

We went out to dinner twice.  At La Poblana in a community called, Maneadora, we get some insanely delicious tacos.  It's outside eating, with flies flying around you and a noisy main road, but the tacos are the best in town.  We paid like $25 for 12 tacos and 3 drinks.  If you want a clean, American style restaurant, try Junior's Burgers in Ejido Cantu.  They got both Mexican and American food, and a bar.  The food was delicious and we only payed $28 for four full meals!  There were two tables occupied when we arrived, all older Americans.  The view of the estuary is amazing.  On our last night there, we drove to King Pizza in Maneadero and ordered a large.  It was less than $10 and it tasted great.  We also bought ice cream for desert at a nearby neveria.  We took a pint and half home for $8.


One of the bathrooms

Ensenada does have a hospital, and several clinics.  Plus there are many doctors who have a practice.  Of course there are pharmacies galore.  There are many gyms in Ensenada so that will help you stay in shape.  Driving there and back home will not be as fast perhaps as in the states, but hey...you'll make up for it with a super cheap membership.  How about the health benefits of drinking beer and wine?  Well, much to my surprise I found craft beer sold at the Calimax.  I stocked up for those three nights.  The wines there are also great.  Wine country, the Guadalupe Valley, is a short drive away.  Next time I go to Ensenada I'll have to visit several wineries.


Master bath

Unlike Rosarito, Ensenada is a true Mexican city.  Yes, there are many American stores there, but the feel is slow paced and the people are from all walks of life.  You will see third world living with patches of affluence.  Ensenada has multiple universities, and is also an agricultural center that has temporary workers that come in from other parts of Baja, and continental Mexico.  If you're going to visit, stay downtown for walking access to everything you need, or rent a beach house.  As far as retiring there is concerned, you wouldn't be the first American there and you won't be the last.  If I were to give it some scores, they'd be these: (1 = Bad, 10 = Great)


1) Convenience: 7
2) Affordability: 9
3) Safety: 7 (never felt unsafe...of course, I'm Mexican and speak Mexican Spanish...this helps a lot).  Don't look like a wealthy American and you should be fine.
4) Overall Score: 7.7

We enjoyed our Mexican vacation very much.  The only downside was crossing the border.  We spent 2.5 hours in the car waiting to get to the ICE agent at the booth.  There are any vendors at the border so save some pesos prior to leaving.  You can buy souvenirs, food, or even pay for a visit to the bathroom!  If you want to help the poor people there, donate your coins or small bills.

We will surely revisit Ensenada and our friend in the future.  If you take a cruise there, get off the boat and have a look around.  This city has lots of charm.  Until next time!     
          

Monday, June 25, 2018

Review of MyHeritage And Ancestry DNA Products

Just how proud are you of your heritage?  If you're like most Americans, probably very proud, especially if you're able to cite with some degree of certainty where in the world your ethnicity is rooted.  The United States is less than 300 years-old, a mere speck in time, and unless you are 100% Native American, you most likely have ethnic roots outside of the two American continents.  Knowing that your ancestors came from somewhere else makes it almost compulsory to find out from where.

If it were up to me, I'd make DNA testing for heritage absolutely free for parents of newborns.  This way parents would have the option of educating their children about their ethnic heritage along with respect for all cultures and people as early as elementary.  Would it end the disease that is racism in the U.S.?  Probably not.  But it would help us all realize our origins aren't tied to any one nation or country, but rather to regions around the world.  For a great example of being responsibly conscious of both country and ethnic origin, let's take my case.  Before I share my ethnic results, I will speak on the experience of taking two "DNA tests" from vendors, MyHeritage and Ancestry.

Since this site is all about money, wealth, and success, let's start with costs.

Ancestry DNA test kit
Total: $78.95.  I bought it while on sale for Father's Day.

MyHeritage DNA test kit
Total: $81.  I bought it also on sale prior to their big Father's Day sale.  I could've saved another ten bucks if I'd known!

If you are interested in taking a DNA test to learn about your ethnic background, tests from the 5 Best DNA Kits are always on sale.  You just have to be patient.  Go back to the websites during Holidays to find better deals.

Now let's talk about the process from the time you get your kit in the mail until you get your results online.

Ancestry DNA Process


Your kit includes very easy to follow instructions, a saliva receptacle, screw on vial with DNA preservation solution, small napkin for wiping, return mail box (postage paid), and your activation information for claiming your results.  Collecting your DNA sample by spitting into a vial may gross some of you out, but I'm used to spitting as an athlete.  Overall, the entire process of collecting your sample and signing up online takes 15 minutes or less.



MyHeritage DNA Process


Similar to Ancestry's kit you get a small box but the contents are more "scientific."  You get two small vials with screw tops and each contains DNA preservation solution.  You also get two swabs for collecting DNA by rubbing the inside of your cheeks for like 30 seconds.  You have to snap break the swabs so they fit inside the vials, then screw on the tops and send the samples back in the return envelope.

As a science teacher, I enjoyed the MyHeritage DNA sample collection process much more, but I can see how some people may prefer Ancestry's more streamlined approach.

The Wait...

While waiting for your results, both Ancestry and MyHeritage DNA do a great job of keeping you in the loop and emotionally vested.  First, they email you once your kit is received, eliminating potential fears and anxiety about your DNA being out there for anyone to intercept and use it to clone you.  Ha!  Seriously though, some people do worry about their DNA being used without their consent.  Relax, these two companies keep your results private.  You have to opt in to share your profile with others and for matching with others (search for relatives).  You get at least one more email from both companies letting you know your results are almost in.  MyHeritage sends you information in their email about how DNA is analyzed so if you're into the science, this will make your wait slightly better.

Time...

I was pleasantly surprised by both companies when they informed me of my results being available in less than 4 weeks.  They both claim results can take between 4-6 weeks depending on how busy they are.   


Online Platforms

Both online platforms are intuitive.  You can set-up your profile as in depth as you like.  You can for example, enter the names and relationships of your relatives to build a family tree on either site.  Both sites offer information on the ethnic groups you get as being part of your genetic and geographic match, but they don't use the same nomenclature obviously.  For example, at MyHeritage, if you are a person of Latin-American descent, you may get a percentage of your DNA coming from "Central America," which to them is the region from Mexico all the way to Colombia and Venezuela, i.e., northern South America.  Meanwhile, at Ancestry, because they test many more geographic regions (350+ versus only 42 for MyHeritage) your Latin-American ethnicity will be more pinpointed to a specific place in Mexico, let's say.  So if you can only afford one test, and if you have ethnic roots in Mexico, go with Ancestry.

Both platforms also provide a world map and circle the regions where your DNA comes from, color coded.  It's a cool feature to see multiple places around the world circled for your profile and probably not as cool if your DNA is only from one or two places on Earth.  Ancestry's platform provides an additional feature, a timeline of the history of your DNA back to the 1700's.  At least this was my case.  Autosomal tests aren't very accurate beyond 5 or six generations so there's really no way anyone can tell you with 100% certainty how your DNA has moved in time.  We all started in Africa, but after that...who knows where your DNA went.

Sample of Results

I was born in Chihuahua, Mexico, and thanks to the Mormon archiving of Catholic church records, I was able to trace my paternal line (the Gomez's) back to a Spaniard (Joseph Dionicio Gomez Parra) born in 1752 in San Bartolome, Chihuahua.  This is of course a very myopic view of my DNA.  It doesn't account for all of the women and their lines.  Not to mention, the 1700s were just around the corner in terms of time.  So am I 100% Chihuahuan, Mexican?  Of course not!

MyHeritage DNA says I'm...



Ancestry DNA says I'm...(only showing one of two pics)


For a better look at my ethnic DNA results, I created a table:

MyHeritage DNA ResultsVs.Ancestry DNA Results
By ContinentBy Continent
Central American (Mex)53.40%Native American (Mex)33%
European36.50%European54-55%
African9.30%African6-7%
Asian0.80%Middle Eastern5%
East Asian<1%
By EthnicityBy Ethnicity
Mexican53.40%N.A. Chihuahua/Dur.33%
Iberian12.60%English/Scottish/Wales16%
Scandinavian12.10%Italian/Greek16%
Ashkenazi Jewish8.10%Iberian11%
North African6.70%Ireland/Scotland/Wales5%
Italian3.70%Middle East5%
Nigerian2.60%European Jewish3%
Eskimo/Inuit0.80%Northern African3%
Total100%Senegalese2%
Eastern European2%
Nigerian<1%
Cameroon/Congolese<1%
Scandinavian<1%
Western European<1%
East Asian<1%
Total100%


 After analyzing both sets of data, it's clear that I'm North-American, European, and African if we look at it from the continental perspective.  Ethnically, I'm Mexican, because Mexicans for the most part are a mixture of Native American, European (including European Jewish in many instances), and African.

We (Mexicans) may differ as a people in our percent of these three roots, but most of us have them.  For most of its history, Mexico has kept the African influence in Mexico under wraps, not recognizing the many Afro-Mexicans in the country (descendants of slaves).  In 2020, Mexico will finally add this ethnic group as an item in its census, acknowledging politically finally our third ethnic root.

I was hoping for more consistency between both tests but there wasn't a one-to-one match as I expected.  MyHeritage gave me a high percentage of Scandinavian descent (12%) while my Ancestry results showed very little Scandinavian descent (<1%) and identified British in me.  Who knew?  Historically, there were Vikings in the British isles so maybe there is a connection there somehow.

Conclusion

This was an interesting experience and I recommend everyone give it a shot.  One test is okay, but two are better so you can compare.  I will be looking to triangulate my results sometime in the near future by taking a third test.  23andMe will be the test I go with.  Sorry I can't tell you which one of the top five tests to choose.  They all have their pros and cons.  Thanks for reading!

Thursday, June 21, 2018

What's The Most Important Thing To Consider When Investing In Cryptocurrency?

Investing in cryptocurrency used to be a whole lot less complicated.  That's because in its infancy, there were just a few cryptocurrency to buy.  There was the original crypto, Bitcoin, of course, and Namecoin and Litecoin, emerging afterward in 2011.  Someone looking to get in on the ground floor of a new altcoin only needed to do research on a handful of non-Bitcoin options.  As of April 2018, there are over 1600 cryptocurrencies!  Here is a list of all the current available cryptocurrency ranked in order of market capitalization.  So go ahead...I dare you to try to discover the next Bitcoin.

Image result for ethereum



Buying Bitcoin simply because it's at number one on the aforementioned list is foolish.  As a digital currency, Bitcoin is the most widely accepted.  They're not making any more of it, meaning, its "circulating supply" is finite, giving Bitcoin an allure to ownership.  Buying fractions of a Bitcoin at a time, if you can't afford a whole Bitcoin (current price, $6,474), may seem like a good alternative, but each time you do so you're also paying for transaction fees.  And you still don't know what the market will do.  One of the many concerns of digital currency investors is the high volatility of the cryptocurrency market.

Putting price aside, how should you go about sizing up a crypto as an investment?  What are the most important things to consider?  These are the questions I'll try answering for you next.


Blockchain Is To Crypto As Location Is To Real Estate

You've heard the real estate addage, "Location, Location, Location," I'm sure plenty of times.  For example, a few months ago I saw a story about a burned up house selling for $900K.  The house happened to be in one of San Jose's most sought after neighborhoods, Willow Glenn.  I know the area quite well, having grown up in Central-East San Jose.  So it didn't surprise me.  The buyer is paying for the land obviously.  How does this relate to investing in cryptocurrency, you may be thinking.  Well, when you look at a particular coin to buy, you must also do your homework on the underlying blockchain technology it comes with.  The blockchaing technology is like the location in real estate.

Image result for ethereum's blockchain motley fool



Bitcoin's blockchain technology isn't that great.  For example, though someone buying things with Bitcoin can count on a ledger that is decentralized (some anonymity) and there not being a middle man, like a bank, to suck up additional transaction fees, there may be a waiting time before your purchase is cleared by miners.  Bitcoin's network only has the ability to process three measly transactions per second!  Compare this to Visa and Mastercard which can process thousands of transactions per second.  So it's clear here that Bitcoin's blockchain technology can never serve as a better replacement for the current payment processing networks for vendors.

Now take the case of Ethereum, ranked number two in terms of market cap in the crypto world.  Ethereum's blockchain went beyond solving some of the problems posed by traditional currency.  Ethereum's blockchain can also provide businesses with smart contract protocols, meaning, businesses can more easily verify or even enforce the negotiation of a contract.  Financial firms are thinking about applying Ethereum in the futures (exchange) market...think all the stuff that goes on before the stock market opens.  That's an application that makes Ethereum's blockchain clearly more useful than Bitcoin's.  Still, Bitcoin is winning the price war, but in my view only because it was first out of the gate.

Another example of a blockchain with interesting application is that of Ripple's.  If Bitcoin is the tortoise in terms of transactions per second, then Ripple is the hare.  Ripple's blockchain tech is capable of processing 1,500 transactions per second!  That's still well below the speed of traditional financial institutions like Visa, but Ripple has an ace under its sleeve: transaction costs are only a fraction of a penny.  This can woo banks looking to offer customers lower fees for their business.

Cryptocurrency Is Still Evolving

By now you can see that what makes a particular cryptocurrency a more worthy investment is its blockchain.  Even though Ethereum and Ripple's blockchain technology both have real-world application, they're still not better than what's out there already!  Do you remember when cell phones came out.  For a long time you didn't have to upgrade.  Most old phones were capable of doing what new versions of more expensive phones could do, namely, call and text someone.  Not until the "Smart Phone" came out were people willing to pay up to replace their old models.

The same can be said with businesses and their interest in blockchain technology.  When cryptocurrency blockchain technology is finally better, more cost effective, etc., for a company to utilize versus what they already have in place, the floodgates will open.  Ripple claims its transaction speed can be faster and capable of handling more transactions per second.  Great!  But it still remains to be seen.  In the meanwhile, you may consider either Ehtreum or Ripple as intriguing investments, certainly more so than Bitcoin.

So now as you research from the multiple cryptocurrency that is available and that which is not yet gone through an ICO (Initial Coin Offering), remember the importance of the underlying blockchain.  Ask yourself: 

1)  What blockchain features does cryptocurrency X have that may have non-currency application for companies and business?

2)  How long before these features are able to replace existing business technology or processes?

3)  What are the threats to or weaknesses of the blockchain technology of cryptocurrency X?


There you have it.  Hopefully this article has served to help you how to better inform yourself about a potential cryptocurrency investment.  Thanks for reading!

*Disclosure: I do NOT own any of the cryptocurrency mentioned in this post.  Not yet at least...